Just Deals has the Motorola Flipout MB511 Unlocked Android Smartphone for $125 + $5 shipping = $130 shipped.
2.8" multi-touch screen (320 x 240), QWERTY rotator keyboard
600MHz Cortex-A8, Wi-Fi 802.11 b/g/n, 3.15MP camera, Android 2.1
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Mediocre reviews, can't upgrade past 2.1 without rooting.